Media Hosting Service ImageShack Gets $15 Million Round From Sequoia: Report

Guess the good times are still sort of rolling for some startups. Online media hosting service ImageShack has raised $15 million in a round led by Sequoia Capital, VentureBeat reports — citing a tip from a “reliable source.” Sequoia hit its startups with the now infamous “R.I.P. Good Times” presentation in October, and its mandates to slash expenses and cut staff have been carried out over the past few weeks; so the fact that this investment comes now seems like a vote of extreme confidence in ImageShack’s value proposition. But TechCrunch floated an unconfirmed rumor that the company had raised $10 million funding back in May, so this latest report may be about the closure of that round. Founded in 2003, Los Gatos, Calif.-based ImageShack has tons of competition, including Photobucket (which *Fox Interactive Media* bought for about $300 million last year), Facebook and to a certain extent, Flickr.

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